2 Bar Charlie Day Trade System ("LIVE DEMO")

[OddTrader]

Quote from T-REX:


YES. I also use other indicators as well such as my own "Swing Vix" indicator along with ...

Fantastic results!

I'd really love to try your Swing Vix indicator. How much is it?

 

[T-REX]

Quote from inandlong:

Party on!

Thank You kindly.

 

[T-REX]

Quote from OddTrader:



Fantastic results!

I'd really love to try your Swing Vix indicator. How much is it?

It's "FREE" for ET users!!!!!





This is my contribution to ET. I pray that it helps many a trader.

 

[ArchAngel]

TREX - in case you missed the earlier question. I'm still interested hearing whether you bother in to incorporate support/resistance at all into your entries and if not, why not?

Quick question - are you applying any intraday support/resistance levels with this method?

I'm looking at my chart (see attached snapshot to see what I'm referring to) and it's showing a resistance level at 1415.47 and a support cluster at 1406-1407.40

Not sure you'd want to risk placing a buy at 1414.50 - only one point from the projected resistance (which it turns out was exactly where that little rally off support stalled at about 10:17am).

Good luck with your demo - this is tough forum for it.

 

[T-REX]

Quote from ArchAngel:

TREX - in case you missed the earlier question. I'm still interested hearing whether you bother in to incorporate support/resistance at all into your entries and if not, why not?

Quick question - are you applying any intraday support/resistance levels with this method?

I'm looking at my chart (see attached snapshot to see what I'm referring to) and it's showing a resistance level at 1415.47 and a support cluster at 1406-1407.40

Not sure you'd want to risk placing a buy at 1414.50 - only one point from the projected resistance (which it turns out was exactly where that little rally off support stalled at about 10:17am).

Good luck with your demo - this is tough forum for it.

NO. I dont really care about intra-day support and resistance areas. I only care about them in relation to the Daily #'s. I trade off of Daily, Weekly charts only! Even during scalping & daytrade entries I use Daily & weekly charts.......not intra-day.

 

[OddTrader]

Quote from T-REX:


It's "FREE" for ET users!!!!!

This is my contribution to ET. I pray that it helps many a trader.

Where can we find it, and how to use it?


If today without using the indicator, do you think the above results (buy/sell decisions) would be the same, or very close?

 

[OddTrader]

Quote from T-REX:

I trade off of Daily, Weekly charts only! Even during scalping & daytrade entries I use Daily & weekly charts.......not intra-day.

Amazing!

Would you recommend newbies to follow your example as mentioned above (educating us is your purpose here)?

 

[T-REX]

Quote from OddTrader:



Amazing!

Would you recommend newbies to follow your example as mentioned above (educating us is your purpose here)?

YES. absolutely!!!

Scalping intra-day with intra-day S/R levels is difficult to impossible. If you want to do right , do it well, do it consistantly use Daily & weekly charts ONLY!!!!

I use the 5min and the 60 min charts to time entry points.

........notice something strange here?????

I once stated in an earlier thread that what is constant in one timeframe must hold true in ALL timeframes!

 

[T-REX]

Quote from OddTrader:



Where can we find it, and how to use it?


If today without using the indicator, do you think the above results (buy/sell decisions) would be the same, or very close?

Here it is. (NOTE: I will update this soon)

http://www.elitetrader.com/vb/showthread.php?s=&threadid=21684&perpage=6&pagenumber=66


You can view this daily in the "JOURNALS" THREAD in the T-REX Journal along with a Swing Vix Matrix of over 100 stocks, ETF's, and ES & NQ futures.

 

[OddTrader]

Quote from T-REX:



YES. absolutely!!!

Scalping intra-day with intra-day S/R levels is difficult to impossible. If you want to do right , do it well, do it consistantly use Daily & weekly charts ONLY!!!!

I use the 5min and the 60 min charts to time entry points.

........notice something strange here?????

I once stated in an earlier thread that what is constant in one timeframe must hold true in ALL timeframes!

Strange indeed!

Exellent strategy (you know!), thanks anyway!

I have to sign off now. Bye!